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Entries for October, 2009

The Day Ahead: Q3 GDP, Jobless Claims, Tax Credit Extension, Treasury Auction

quities were slashed yesterday after the new home sales report posted an unexpected 3.6% decline for September. The S&P 500 fell 1.95%, the Nasdaq shed 2.67%, and the Dow moved further south from the 10k mark as it fell 1.21% to 9,762.69.

This morning, ahead of the first look at Q3 GDP, markets are cautious but [...]

Congress Passes Resolution to Extend Higher GSE Loan Limits through 2010

The resolution would extend the present conventional loan limits for Fannie and Freddie through the 2010 calendar year at 125 percent of local median home sales prices, up to a maximum of $729,750 in high-cost areas.
The floor for FHA is $271,050; the floor for Fannie Mae and Freddie Mac conforming loan limits is $417,000.
The resolution [...]